After an extraordinary three-day rally that saw the KSE-100 index surge by 15,000 points, the Pakistan Stock Exchange (PSX) finally saw a breather on Tuesday.
The benchmark index lost momentum and closed with a marginal decline of 39 points, ending the day at 118,536 points
The session remained highly volatile, reflecting both investor caution and profit-taking activity. During intraday trading, the index saw a sharp rise of 884 points followed by a steep fall of 427 points, ultimately settling in the red.
Despite the dip, selective buying was witnessed in the oil & gas and cement sectors, indicating continued confidence in these key industries. However, 119,000 points were reclaimed during trading hours but could not be sustained by the market close.
Market analyst Abid Ali Habib noted that this correction was expected after the extraordinary upward trend. He added that optimism could return soon if the government clears pending circular debt payments.
Habib also expressed hope that the upcoming federal budget will be business-friendly, potentially injecting fresh momentum into the stock market.
